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Ripple at Silicon Valley Japan Platform [SVJP]; plans to disrupt Japan’s payment industry

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As per the latest tweet by Ripple, they are at the Silicon Valley Japan Platform [SVJP] trying to bridge the gap between the valley and Japan and also trying to disrupt Japan’s payment industry.

Ripple’s recent tweet stated:“At Silicon Valley Japan Platform (SVJP), an initiative to bridge the gap between the Valley and Japan, @emy_wng discussed how Ripple, along with Japan Bank Consortium, is disrupting Japan’s payments industry with #blockchain.”

Silicon Valley Japan Platform [SJVP] was an initiative that was established back in 2014 between the U.S. and Japan council to broaden and deepen the scope of ties between Silicon Valley and Japan through a variety of programs.

The lecture at SJVP was given by Emi Yoshikawa, who is Senior Director, Joint Venture Partnership, Global Operations at Ripple. Yoshikwawa stated:“I will give a lecture on “The Transformation of international remittance by blockchain” at the study meeting of Silicon Valley Japan Platform (SVJP) this Wednesday.”

Ripple has been reaping the benefits of the hard work that they put in the bear market of 2018 ever since the start of 2019 as they have announced multiple new partnerships with major financial institutions around the world. As of now, Ripple is in more than 40 countries around the world and has more than 200 new partnerships.

Japan has always been very receptive of new and emerging technologies and the same can be said of Ripple’s groundbreaking technologies in the payment industries.

Apart from the SJVP talks, a Japanese lawmaker, Takeshi Fujimaki, a former banker turned politician and a representative of one of the largest opposition political party Nippon Ishin, recently mentioned that Japan is falling behind in terms of developments in terms of digital assets.

He even said that Japan will be left behind in the cryptocurrency race as Kenya and other South African countries are already getting implementations of Ripple’s technology.

Moreover, Ripple’s Insights blog stated:“Japan Bank Consortium (JBC) — a collection of 61 Japan-based bank members brought together by SBI Holdings and SBI Ripple Asia — announced that it’s made progress to become production-ready on RippleNet.

Soon, Japanese banks will not only be quickly onboarded with minimal effort, but also easily connect to other member banks in Ripple’s network — furthering their reach with real-time global settlement.”

Source. ambcrypto

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Ripple (XRP/USD) forecast and analysis on July 17, 2019

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Cryptocurrency Ripple (XRP/USD) is trading at 0.3162. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Ripple. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.

Ripple (XRP/USD) forecast and analysis on July 17, 2019

As part of the forecast Ripple course is expected to test the level of 0.3270. Where should we expect an attempt to continue the fall of XRP/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 0.2620. The conservative area for Ripple sales is located near the upper border of the Bollinger Bands indicator at 0.3450.

Ripple (XRP/USD) forecast and analysis on July 17, 2019

Cancellation of the option to continue the decline in the Ripple rate will be a breakdown of the upper border of the Bollinger Bands indicator bands. As well as the moving average with a period of 55 and the closing of quotations of the pair above the 0.3620 area. This will indicate a change in the current trend in favor of the bullish for XRP/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.

Ripple (XRP/USD) forecast and analysis on July 17, 2019 implies a test level of 0.3270. Further, it is expected to continue falling to the area below the level of 0.2620. The conservative area for selling Ripple is located area of 0.3450. Canceling the option of falling cryptocurrency will be a breakdown of the level of 0.3620. In this case, we should expect continued growth.

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Ripple price analysis: XRP/USD defends falling wedge support; breakout still lingers

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  • The bear pressure further pushed Ripple below $0.29 before forming lower support at $0.28.
  • “I agree that crypto isn’t likely to replace fiat currencies,” Garlinghouse.

Ripple continued to press against key support areas yesterday. The downside momentum was augmented by the broad-based selling pressure in the market. As discussed yesterday, the upside was capped at $0.32 while XRP/USD sustained above $0.30. However, the bear pressure further pushed Ripple below $0.29 before forming lower support at $0.28.

The debate surrounding Facebook’s Libra project has seen the CEO of Ripple Brad Garlinghouse advise the crypto industry to work hand in hand with regulators to guarantee success. In a series of tweets, Garlinghouse said that it unlikely that crypto will take the place of fiat currencies in the financial economy.

“I agree that crypto isn’t likely to replace fiat currencies – I have been very vocal that crypto isn’t likely to disrupt the US dollar and other G20 currencies in my lifetime,” he wrote.

Meanwhile, XRP has recovered stepping above $0.3 as the bull’s push towards the falling wedge pattern breakout. Although movement north is still hampered by the selling pressure, XRP/USD has a positive technical picture as seen on the 2-h chart.

Also Read: Cryptocurrencies are not substitutes for fiat currencies – Brad Garlinghouse

The Relative Strength Index (RSI) is currently horizontal at 46 following a recovery from the levels at 30. At the same time, the Moving Average Convergence Divergence (MACD) is stuck in the negative side but moving sideways at -0.004 in addition to having an inclination to the upside.

BTC/USD 2-h chart source

source:.fxstreet.

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Has #XRPArmy Turned Against Ripple? Not Really

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XRP’s recent drop below the $0.30 level was a major test for Ripple’s Twitter army, but they won’t abjure their allegiance

Tiffany Hayden, one of the most vocal members of the XRP army, has been suspected of becoming a non-believer after questioning the strength of the Ripple network. 

That conveniently coincided with the XRP price nose-diving below the $0.30 mark due to the continuous market sell-off.

Everyone who keeps tabs on crypto Twitter has hardly seen any negative comments about Ripple posted by Hayden. However, she recently assumed that the network wouldn’t last much longer if Ripple shuttered that night.

There were legitimate reasons to believe that this might be the case given the painful experience of Stellar, which is considered to be Ripple’s direct competitor.

However, despite these concerns, Hayden made it absolutely clear she hasn’t lost her faith in XRP, claiming that she would rather sell a kidney than her bags of Ripple’s native token.  

She later clarified that the kidney wouldn’t be her own (hopefully, she was joking).

Notably, Ripple’s XRP turned out to be one of the best-performing currencies during the recent sell-off, clinging onto the $0.30 price tag. 

XRP records a modest drop

Image by CoinMarketCap

Still, its underwhelming overall performance in 2019 made many XRP investors reconsider their loyalty.

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